Technology - Virtual Roundtable

Reg Tech: The next generation of fighting Financial Crime with AI

27th November 2020 | 10:00am - 11:30am CET
How to stay ahead of insurance fraud in the new normal?

Fraudulent insurance claims are growing in volume, variety, and velocity. In fact, the estimated cost of property and casualty insurance claims fraud is $32 billion in the US, according to the Insurance Information Institute. Unfortunately, these losses continue to grow as the world economy is gripped by the pandemic and severe recession. Legacy fraud detection systems that apply simple fraud detection rules on siloed data, limit insurers’ ability to reduce fraud and uphold the experience of legitimate policyholders.

That is why institutions are turning to AI and cognitive solutions because they are changing the way companies manage AML compliance, fraud, and conduct surveillance. The IBM Financial Crimes Insight for Claims Fraud solution is designed to help reduce losses from a wide variety of claims, by applying cognitive analytics to identify complex and changing fraud patterns. How can you fight financial crime with AI?

Join IBM and a select group of industry thought leaders to discuss how you can lower fraud losses and operational costs, improve business results, and support a superior customer experience.

Discussion Topics

How well do you know your customer?
What do you need to do to accelerate convergence of Know Your Customer (KYC) practices?
How can AI help institutions combat money laundering, tax evasion, and a host of other criminal activities?
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